The Compound Feed Market Size was valued at USD 540.0 Bn in 2023 and is predicted to reach USD 738.91 Bn by 2031 at a 4.14% CAGR during the forecast period for 2024-2031.
Animal health and welfare depend on safe and healthy nutrition, which is an essential component of the food chain. Compound feed plays a crucial function in animal nutrition and feed. Crushed grain, extracted groats, minerals, mill waste, animal-derived meal, premixes and supplements, liquid additives, and other ingredients are included in compound feed. Furthermore, numerous novel food processing by-products, such as beet pulp, vegetable pomace, and bakery goods, are being used as a significant component in feed combinations. The compound feed can provide a balanced nutrition supply of nutrients based on the physiological parameters of the animals.
The rising animal feed sector is a significant factor driving the market growth. Compound feed is gaining more popularity as a principal alternative for traditional growth promoters since it offers the protein, energy, minerals, and vitamins that animals need for growth, maintenance, and milk production. Increased intake of processed chicken, dairy, and aqua products is further accelerating the market growth. Furthermore, the rising demand for high-quality meat and meat by-products is expected to boost the market during the forecast period. Increased consumption has resulted in a high need for protein derived from animals (including fish), which is likely to drive the demand for fish food. This, in turn, is expected to propel the sector forward.
The compound Feed market is segmented into Ingredients, Nutrients, Animal Type, and Region. The Ingredients segment comprises Cereals, Cereal’s by-product, Oil, Oilseed meal, Supplements, Molasses, and Others. By Nutrients, the market is classified into Antioxidants, Antibiotics, Feed Enzymes, Vitamins, Feed Acidifiers, Amino Acids, and Others. By Animal Type, the market is categorized into Swine, Poultry, Ruminants, and Others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Geographically, The Asia Pacific led the market and is expected to maintain its lead over the forecast period. The market has been growing significantly over the last few years, owing to the increased consumption of meat and meat products in highly populated economies such as India and China.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD XX Billion |
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Revenue Forecast In 2031 |
USD XX Billion |
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Growth Rate CAGR |
CAGR of 4.14% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Ingredients, By Nutrients, By Animal Type |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Archer Daniels Midland Company, Nutreco N.V., Cargill, Incorporated, Charoen Pokphand Foods PCL., Alltech, Kent Nutrition Group, Inc, DE HEUS, Ballance Agri-Nutrients Ltd., ForFarmers, Purina Mills, LLC, and List of Other Prominent Players |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Compound Feed Market Snapshot
Chapter 4. Global Compound Feed Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Industry Analysis – Porter’s Five Forces Analysis
4.6. Competitive Landscape & Market Share Analysis
4.7. Key Trends in the Market
4.8. COVID 19 Impact Analysis
Chapter 5. Compound Feed Market Segmentation 1: By Types Estimates & Trend Analysis
5.1. By Ingredients & Market Share, 2023 & 2031
5.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Ingredients:
5.2.1. Cereals
5.2.2. Cereal’s by-product
5.2.3. Oil
5.2.4. Oilseed meal
5.2.5. Supplements
5.2.6. Molasses
5.2.7. Others
Chapter 6. Compound Feed Market Segmentation 2: By Nutrients Estimates & Trend Analysis
6.1. By Nutrients & Market Share, 2023 & 2031
6.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Nutrients:
6.2.1. Antioxidants
6.2.2. Antibiotics
6.2.3. Feed Enzymes
6.2.4. Vitamins
6.2.5. Feed Acidifiers
6.2.6. Amino Acids
6.2.7. Others
Chapter 7. Compound Feed Market Segmentation 3: By Animal Type Estimates & Trend Analysis
7.1. By Animal Type Analysis & Market Share, 2023 & 2031
7.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Animal Type:
7.2.1. Swine
7.2.2. Poultry
7.2.3. Ruminants
7.2.4. Others
Chapter 8. Compound Feed Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Compound Feed Market revenue (US$ Million) and volume (K Tonn) estimates and forecasts By Ingredients, 2024-2031
8.1.2. North America Compound Feed Market revenue (US$ Million) and volume (K Tonn) estimates and forecasts By Nutrients, 2024-2031
8.1.3. North America Compound Feed Market revenue (US$ Million) and volume (K Tonn) estimates and forecasts By Animal Type, 2024-2031
8.1.4. North America Compound Feed Market revenue (US$ Million) and volume (K Tonn) estimates and forecasts by country, 2024-2031
8.1.4.1. U.S.
8.1.4.2. Canada
8.2. Europe
8.2.1. Europe Compound Feed Market revenue (US$ Million) and volume (K Tonn) By Ingredients, 2024-2031
8.2.2. Europe Compound Feed Market revenue (US$ Million) and volume (K Tonn) estimates and forecasts By Nutrients, 2024-2031
8.2.3. Europe Compound Feed Market revenue (US$ Million) and volume (K Tonn) By Animal Type, 2024-2031
8.2.4. Europe Compound Feed Market revenue (US$ Million) and volume (K Tonn) by country, 2024-2031
8.2.4.1. Germany
8.2.4.2. Poland
8.2.4.3. France
8.2.4.4. Italy
8.2.4.5. Spain
8.2.4.6. UK
8.2.4.7. Rest of Europe
8.3. Asia Pacific
8.3.1. Asia Pacific Compound Feed Market revenue (US$ Million) and volume (K Tonn) By Ingredients, 2024-2031
8.3.2. Asia Pacific Compound Feed Market revenue (US$ Million) and volume (K Tonn) estimates and forecasts By Nutrients, 2024-2031
8.3.3. Asia Pacific Compound Feed Market revenue (US$ Million) and volume (K Tonn) By Animal Type, 2024-2031
8.3.4. Asia Pacific Compound Feed Market revenue (US$ Million) and volume (K Tonn) by country, 2024-2031
8.3.4.1. China
8.3.4.2. India
8.3.4.3. Japan
8.3.4.4. Australia
8.3.4.5. Rest of Asia Pacific
8.4. Latin America
8.4.1. Latin America Compound Feed Market revenue (US$ Million) and volume (K Tonn) By Ingredients, (US$ Million) 2024-2031
8.4.2. Latin America Compound Feed Market revenue (US$ Million) and volume (K Tonn) estimates and forecasts By Nutrients, 2024-2031
8.4.3. Latin America Compound Feed Market revenue (US$ Million) and volume (K Tonn) By Animal Type, (US$ Million) 2024-2031
8.4.4. Latin America Compound Feed Market revenue (US$ Million) and volume (K Tonn) by country, (US$ Million) 2024-2031
8.4.4.1. Brazil
8.4.4.2. Rest of Latin America
8.5. MEA
8.5.1. MEA revenue Compound Feed Market revenue (US$ Million) and volume (K Tonn) By Ingredients, 2024-2031
8.5.2. MEA Compound Feed Market revenue (US$ Million) and volume (K Tonn) estimates and forecasts By Nutrients, 2024-2031
8.5.3. MEA revenue Compound Feed Market revenue (US$ Million) and volume (K Tonn) By Animal Type, 2024-2031
8.5.4. MEA revenue Compound Feed Market revenue (US$ Million) and volume (K Tonn) by country, 2024-2031
8.5.4.1. South Africa
8.5.4.2. Rest of MEA
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Archer Daniels Midland Company
9.2.2. Nutreco N.V.
9.2.3. Cargill, Incorporated
9.2.4. Charoen Pokphand Foods PCL.
9.2.5. Alltech
9.2.6. Kent Nutrition Group, Inc
9.2.7. DE HEUS
9.2.8. Ballance Agri-Nutrients Ltd.
9.2.9. ForFarmers
9.2.10. Purina Mills, LLC
9.2.11. Feed One Co. Ltd.
9.2.12. Kent Nutrition Group
9.2.13. Elanco Animal Health Incorporated
9.2.14. BASF SE
9.2.15. List of Other Prominent Players
Global Compound Feed Market, by Ingredients
Global Compound Feed Market, by Nutrients
Global Compound Feed Market, by Animal Type
Global Compound Feed Market, by Region
North America Compound Feed Market, by Country
Europe Compound Feed Market, by Country
Asia Pacific Compound Feed Market, by Country
Latin America Compound Feed Market, by Country
Middle East & Africa Compound Feed Market, by Country
Companies Mentioned
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
